Property Accountant
Job summary:
Handles all accounting matters relating to specific assigned properties including bank accounts, accounts receivable/payable, monthly trial balance preparation, and computer operations. Acts as a liaison between the accounting department and each property, resolving problems and answering questions in a professional manner.
Essential duties and responsibilities:
• Prepare monthly, quarterly, and yearly financial reports
• Prepare audit/tax schedules and packages
• Prepare management fee calculations
• Liaise with outside auditors/tax preparers
• Assist property managers with analyzing expenses, recording monthly accrual adjustments, and reviewing CAM reconciliations
• Prepares bank reconciliations monthly and maintains up to date and accurate cash balances for all property bank accounts
• Processes weekly accounts payable check runs and researches accounts payable issues as needed
• Prepare and monitor the monthly closing calendar for assigned portfolio and ensure closing deadlines are communicated and met
• Ensure all journal entries are accurately recorded and properly supported
• Prepare monthly balance sheet account reconciliations
• Review owner distributions
• Prepare bank wires and transfers
• Assist/prepare cash flow forecast
• Prepares lender replacement reserve draws
• Prepare and assist with property budget schedules
• Prepare and maintain fixed asset depreciation/amortization schedules
• Calculate and record straight-line rent and other GAAP adjustments
Knowledge and critical skills:
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
• Bachelor’s degree in Accounting
• 2 years of accounting experience preferred
• Proven project management, analytical, and organizational skills. Excellent attention to detail and accuracy
• Able to work well independently under pressure in a fast paced environment and exercise sound judgement and discretion
• Excellent Microsoft Office Suite skills (Word, Excel, Outlook)
• Yardi experience preferred
• Strong verbal and written communication skills
• Manage time effectively to meet and exceed deadlines to ensure availability for additional projects, as needed
Physical demands and environmental factors:
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
• Works in office setting
• Works under minimal supervision
• Occasionally moves about to coordinate work
Critical features of this job are described under the previous headings. They may be subject to change at any time due to reasonable accommodation or other reasons. This job description does not list all the duties of the job. You may be asked by supervisors to perform other non-essential assignments and duties. You will be evaluated in part based upon your performance of the tasks listed in this job description.
